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Why invest in this Fund?

The fund seeks to match the total return of the S&P 500® Index. To pursue its goal, the fund generally is fully invested in stocks included in the S&P 500® Index and in futures whose performance is tied to the index. In addition to investing in futures, the fund may invest in exchange-traded funds (ETFs) whose performance is tied to the index. Typically, these investments may be made when the fund's available cash balances cannot otherwise be efficiently or effectively invested directly (due to, for example, size or timing considerations).
Min. Class Investment
$1,000
Class Inception Date
12/31/00
Fund Assets
$3,307,890,518  As of  11/24/25
Class Assets
$63,758,843  As of  11/24/25
Portfolio Turnover Rate
2.65% As of fiscal year end  12/31/24
Benchmark
S&P 500® Index
Fund Holdings
504 As of 10/31/25
FUND STATUS
Open

Yields and Expense Ratio

30-DAY SEC YIELD
as of 11/24/25
PROSPECTUS FEE TABLE EXPENSE RATIO (%)
as of 05/01/25
Subsidized Unsubsidized Net Gross Contractual
Fee Waiver End Date
0.00 0.00 0.52 0.52 -

Yield fluctuates and past performance is no guarantee of future results.

The SEC 30-day Yield is calculated by dividing the net investment income per share earned during the period (calculated in accordance with regulatory guidelines) by the maximum offering price per share on the last day of the period.

Unsubsidized yield displays what the fund's 30-Day SEC Yield would have been had no fee waiver or expense reimbursement been in place during the period.

Gross Expenses is the total annual operating expense ratio for the fund, before any fee waivers or expense reimbursements. Net Expenses is the total annual operating expense ratio for the fund, after any applicable fee waivers or expense reimbursements. The Gross Expenses, or Net Expenses (if including fee waivers or expense reimbursements) is the actual fund expense ratio applicable to investors.

Portfolio Managers

  • David  France

    David France, CFA

    Portfolio Manager, Mellon Investments Corporation

    Managing Fund Since 2020

    Joined Firm in 2009

    Joined Industry in 1995

  • Todd Frysinger

    Todd Frysinger, CFA

    Portfolio Manager, Mellon Investments Corporation

    Managing Fund Since 2020

    Joined Firm in 2000

    Joined Industry in 1996

  • Vlasta Sheremeta

    Vlasta Sheremeta, CFA

    Portfolio Manager, Mellon Investments Corporation

    Managing Fund Since 2020

    Joined Firm in 2010

    Joined Industry in 2010

  • Michael  Stoll

    Michael Stoll

    Portfolio Manager, Mellon Investments Corporation

    Managing Fund Since 2020

    Joined Firm in 2005

    Joined Industry in 2005

  • Marlene  Walker Smith

    Marlene Walker Smith

    Portfolio Manager, Mellon Investments Corporation

    Managing Fund Since 2020

    Joined Firm in 1995

    Joined Industry in 1990



Fees & Expenses

Variable insurance products have additional fees, charges and expenses. Please consult the applicable variable contract prospectus for more detailed information.


Portfolio Manager/Sub-Investment Adviser

The fund's investment adviser is BNY Mellon Investment Adviser, Inc. (BNYM Investment Adviser). BNYM Investment Adviser has engaged its affiliate, Mellon Investments Corporation (Mellon), to serve as the fund's index manager. David France, CFA, Todd Frysinger, CFA, Vlasta Sheremeta, CFA, Michael Stoll and Marlene Walker Smith are the fund's primary portfolio managers, positions they have held since October 2020. Messrs. France, Frysinger and Stoll and Ms. Sheremeta are each a vice president and senior portfolio manager at Mellon. Ms. Walker Smith is a director and head of equity index portfolio management at Mellon.

Top Holdings

As of 10/31/25

Asset Allocation


      Main Risks

      An investment in the fund is not a bank deposit. It is not insured or guaranteed by the FDIC or any other government agency. It is not a complete investment program. The fund's share price fluctuates, sometimes dramatically, which means you could lose money.

      Equity funds are subject generally to market, market sector, market liquidity, issuer, and investment style risks, among other factors, to varying degrees, all of which are more fully described in the fund's prospectus.

      ETFs trade like stocks, are subject to investment risk, including possible loss of principal. The risks of investing in ETFs typically reflect the risks associated with the types of instruments in which the ETF invests.

      Diversification cannot assure a profit or protect against loss.

      The fund uses an indexing strategy. It does not attempt to manage market volatility, use defensive strategies or reduce the effects of any long-term periods of poor stock performance.

      Literature

      Factsheet, Prospectus and Reports

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      Factsheet Download
      Prospectus Download
      Summary Prospectus Download
      SAI Download
      Annual Report - Service Shares Download
      Semi Annual Report - Service Shares Download
      Annual Financials and Other Information Download
      Semi Annual Financials and Other Information Download
      1Q Fiscal Holdings Download
      3Q Fiscal Holdings Download